Highlights of Xi's keynote speech at SCO Summit

President Xi Jinping delivered a keynote speech at the Shanghai Cooperation Organization Summit on Sunday.

The conference runs from June 9 to 10 in Qingdao, a coastal city in East China's Shandong province.

Here are the highlights of the speech.

President Xi Jinping delivers a keynote speech at the the Shanghai Cooperation Organization Summit in Qingdao, East China's Shandong province, on June 10, 2018. [Photo by Feng Yongbin/China Daily]

To further carry forward the Shanghai Spirit

President Xi called for further carrying forward the Shanghai Spirit to surmount difficulties, defuse risks and meet challenges.

"We should reject the Cold War mentality and confrontation between blocks and oppose the practices of seeking absolute security of oneself at the expense of the security of other countries, so as to achieve security of all," he said.

Pursuit of cooperation is a surging trend when facing protectionism

While hegemony and power politics still persist in the world, the growing call for a more just and equitable international order must be heeded. Democracy in international relations is an unstoppable trend of the times, Xi said.

Pointing out that unilateralism, trade protectionism and backlash against globalization are taking new forms, he said the pursuit of cooperation for mutual benefit represents a surging trend in this global village where countries' interests and future are interconnected.

Setting up 30-bln-yuan lending facility

President Xi announced that China will set up a 30-billion-yuan ($4.7 billion) equivalent special lending facility within the framework of the Inter-Bank Consortium of the Shanghai Cooperation Organization.

Providing 3,000 training opportunities for human resource development

President Xi said in the next three years, China will provide 3,000 training opportunities of human resources development for SCO member states to enhance public understanding of and support for the SCO family.

China is willing to provide meteorological services to all parties using its Fengyun-2 weather satellites, Xi said.

To set up a committee of legal services for SCO members

"China welcomes all parties to the first China International Import Expo to be held in Shanghai in November this year," Xi said.

The Chinese government supports the opening of a demonstration area in Qingdao for China-SCO local economic and trade cooperation, and will set up a committee of legal services for SCO members to provide legal support for economic and trade cooperation, he said.

Intl cooperation partnership networks to resolve hotspot issues

Efforts need to be made to intensify exchanges and cooperation with SCO observer states, dialogue partners, and other countries in the region, Xi added.

SCO member states also need to enhance partnerships with the United Nations and other international and regional organizations, and engage in dialogue with the International Monetary Fund, the World Bank and other financial institutions, Xi said.